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751 Nelson William Dr, Lake Orion, MI 48462

3 beds • 2 baths • 3302 sqft

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This property looks like a bad Airbnb investment with a projected -13.77% first-year return on $118k initial cash invested.

-13.77%

Cash On Cash

2.89%

Cap Rate

0.49

DSCR

$3,496

Rent

-$1,353

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,496 income − $4,849 expenses = $1,353 out of pocket

Income$3,496Out of Pocket$1,353Mortgage P&I$2,35867%Property Taxes$59317%Insurance$1705%HOA$501%Management$52415%CapEx$1404%Maintenance$1404%Other$87425%

Investment Breakdown

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Purchase Price

$476k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$118k

Downpayment

20%

$95,120

Closing costs

1%

$4,756

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,496

Total Expenses

$4,849

Mortgage P&I

67%

$2,358

Property Taxes

17%

$593

Home Insurance

5%

$170

HOA

1%

$50

Property Management

15%

$524

CapEx

4%

$140

Vacancy

0%

$0

Maintenance

4%

$140

Other

25%

$874

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